Use the financial information for T&T Inc. listed below to create a balance sheet and income statement for the firm. The company's average tax rate is 20%. a. what is the firm's net income? 

b. what is the firm's revenue?

c. what is the firm's EBIT? 

Cash 10,000 

Inventory 200,000 

Fixed Assets 100,000 

Accounts receivable 22,000 

Accounts payable 17,000 

Long-term debt 170,000 

Cost of Goods Sold 8,000 

Income taxes 2,000 

Administrative expenses 3,000 

Interest expense 1,000 

Depreciation 1,000